Automotive Electronics Market Segmentation:
Vehicle Type Segment Analysis
The global automotive electronics market is segmented and analyzed for demand and supply by vehicle type into light commercial vehicle, heavy commercial vehicle, and passenger car. Out of the three types of segments, the passenger car segment is anticipated to garner the largest revenue by the end of 2035. The growth of the segment can be attributed to the growing demand for cars along with the surge in the sale of passenger cars worldwide. For instance, it was found that more than 55 million units of passenger cars were sold globally in the year 2021, showing an increase of nearly 4% from 2020. Moreover, the massive surge in the production of passenger cars is another key factor that is anticipated to accelerate the market growth of automotive electronics throughout the forecast period.
Application Segment Analysis
The global automotive electronics market is also segmented and analyzed for demand and supply by application into body electronics, advanced driver assistance system (ADAS), safety systems, infotainment, powertrain electronics, and others. Amongst these segments, the powertrain electronics segment is expected to garner a significant share over the forecast period. Powertrain electronics are key components such as the engine, gearbox, and transmission that help the vehicle move by supplying and managing electric power. Therefore, automotive manufacturers are spending huge amounts on research and development of more efficient automotive powertrain electronics. Besides this, simultaneous electrification in the automotive industry is also boosting the expansion of the power electronics segment. This, as a result, is projected to create several opportunities for the growth of the segment in the coming years.
Our in-depth analysis of the global market includes the following segments:
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By Component |
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By Application |
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By Vehicle Type |
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By Distribution Channel |
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